Why AT&T Stock Topped the Market Today

One day after reporting fourth-quarter figures that disappointed many investors, AT (NYSE: T) stock bounced back nicely on Thursday. Buoyed by several analyst price target increases, the sturdy telecom's share price closed the session almost 3% higher. That was well ahead of the 0.3% bump experienced by the S 500 index.

On Thursday, no fewer than three AT researchers upped their price levels on the stock.

Of the trio, the meatiest raise came from DZ Bank's Matthias Volkert, who added $1.50 per share to his target for a new figure of $17.50. This doesn't make Volkert a bull, though, as the analyst maintained the firm's hold recommendation.

Source Fool.com